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Each issue of TerraJoule.us contains: a Main
Essay, a Model Portfolio, a Data Brief, and a link to a
Downloadable Podcast. Gregor Macdonald, Editor. For a more
detailed description of each issue’s contents, please see the
Subscribe section.

This month’s publication, King Grid, examines the
emerging relationship between global growth and the power sector.
As the global economy struggles through energy transition at
lower levels of GDP, the powergrid is advancing.

Can the global powergrid grow at a faster rate than the
global economy? Ecological economics generally suggests a steady
correlation exists between growth in energy demand, and, growth
in economic output. If so, we should expect the economy to be
unable to grow faster than energy demand. However, during our
present energy transition, when so many users have been kicked
off liquid BTU, it may be possible that some of this stranded
demand will step forward, and push growth of the powergrid to
above trend levels. Surprisingly, this may be possible during a
time of sustained, economic weakness in OECD economies.

The July issue also includes the next round of changes to the
Model Portfolio:

The stock market correction and bond rout should provide a
continuous window in the Summer months to accumulate other ETFs
targeted. IXC is starting to look particularly attractive as
major components like BP and Shell are off their highs.
Meanwhile, given the devastation in utility ETFs, owing to the
back up in rates, the global utility ETF, JXI, also looks
attractive.